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The Privatization Commission has officially announced the government’s plan to sell its 65 percent stake in the Kenya Pipeline Company (KPC), marking a major step in Kenya’s ongoing privatization drive.
The sale follows approvals from the Cabinet, National Treasury, and National Assembly, as part of efforts to raise revenue and enhance efficiency in state-owned enterprises.
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In a statement issued under the Privatization Act, 2005, the Commission confirmed the approval of the privatization method for KPC, noting that the move will enable ordinary Kenyans to invest in one of the country’s most profitable and strategic entities.
“It will empower citizens to own part of a key national enterprise, foster inclusive economic growth, and strengthen transparency and corporate governance through stock market participation,” the notice stated.
According to government estimates, the divestment could generate about Sh100 billion, providing vital fiscal support amid current budget pressures.
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The plan, outlined in Sessional Paper No. 2 of 2025, indicates that the state will retain a 35 percent shareholding in KPC, while the remaining stake will be offered to the public via a stock exchange listing.
Treasury Cabinet Secretary John Mbadi has backed the move, saying it will unlock value, attract professional management, and significantly increase government revenue.
“This is an opportunity to boost performance, enhance governance, and ensure Kenyans benefit directly from KPC’s success,” Mbadi said.
